Tax information bulletin - August 2025

New legislation

• Taxation (Budget Measures) Act 2025 commentary

Operational statements

• OS 25/04: The Commissioner of Inland Revenue’s search powers
• OS 25/05: Section 17B Notices

Question we've been asked

• QB 25/17: Income tax: Can I claim a deduction for expenses I incur on repairing a recently acquired capital asset?

Case summaries

• CSUM 25/10: High Court dismisses judicial review of decisions to decline proposals for relief under s 177 of the TAA
• CSUM 25/11: Risk of double recovery due to potential enforcement action by Inland Revenue does not prevent profit forfeiture orders under proceeds of crime regime

Technical decision summaries

• TDS 25/15: GST – input tax deductions, grants, omitted sale
• TDS 25/16: Charitable trust – transfer of assets